Math question retail sales?
- Thread starter wazup
- Start date
Waz shops at the Cheapo Depot where he gets plastic wannabe wallaby shoes and tartan slacks for the Herb Tarlek look.
Yes it depends on the products, food, tobacco and cars have a relatively small markup, things like electronics, jewellery, hardware will start out with a keystone markup (50%) then will be discounted. There are some products like mattresses that can be marked up as much as 300 to 400% if you paid full retail. Its difficult to determine what retail stores margins are because you have places like Walmart who work on volume will a lesser markup but they also get intensives and volume discounts from manufacturers.
Yes that is what I have read about, keystone. I worked delivering furniture years ago and believe there were large mark ups there also I believe due to the fact people only buy them every so many years.
50% mark up means selling for double of the cost. The way retail works is that say they sell ten units, they know the first 3 will sell at full, the next 3 at x percent discount and so on...
I can't agree the 50% on the jewellery. Usually they used 250-300% profit margin on the factory price and call it retail. After they give you 20-30% off, they still make easily more than 100-150% profit. So a diamond ring what was 1500$ in the factory will sell it for you for around 4K , maybe more with LIFETIME WARRANTY!! 
(what is a big bullshit scam) and you think it was a good deal. If you don't want to lose money, never pay more than 30% of the appraisal price and check your items with graduated individual GIA gemologist who doesn't sell diamonds. Don't accept appraisal from a himi-humi company, specially not from the store owner name on it, who sell the diamond for you. Merry Christmas!
(what is a big bullshit scam) and you think it was a good deal. If you don't want to lose money, never pay more than 30% of the appraisal price and check your items with graduated individual GIA gemologist who doesn't sell diamonds. Don't accept appraisal from a himi-humi company, specially not from the store owner name on it, who sell the diamond for you. Merry Christmas! Markup vs margin causes a bit of confusion for people. A 100 percent markup yields a 50 profit margin. From that, all of the operational expenses are paid, such as rents, salaries, advertising, heat, hydro, phones, etc. There are many financial statements available from publicly traded retail companies, but yes, many companies require 100 percent markups and greater to operate at a profit.
don't kid yourself, when the retailers offer huge discounts they charge their suppliers for it, so in reality it is the suppliers that are offering the consumer the discount
I can't agree the 50% on the jewellery. Usually they used 250-300% profit margin on the factory price and call it retail. After they give you 20-30% off, they still make easily more than 100-150% profit. So a diamond ring what was 1500$ in the factory will sell it for you for around 4K , maybe more with LIFETIME WARRANTY!!
Right on! But, if you do your research, and talk to the right people, and you know how to use a loop, then one can get great deals in the Caribbean. They still try to put the screws to you, but once they get the idea you know something, the bargains can be substantial. The key is to really know the prices/quality of stone before you go. And I agree; do not even think about buying retail here.
Yes, you right!There is a few good deals, but lately a lots of nice white HPHT diamonds are there. You can't tell the process, unless you bring there a machine , what is capable to tell the truth. Unfortunately the good quality machines are cost a fortune
According to my memory of retail accounting 50% Mark means that one half (50%) of the price is mark up. I.e. if an item costs a retailer $50 apply 50% markup rule would set the price as $100
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